D-Wave Quantum CEO Alan Baratz goes one-on-one with Jim Cramer

Market Trend & Investment Opportunity - Quantum computing stocks are experiencing a speculative frenzy with potentially significant gains, exemplified by D-Wave's nearly 2,000% increase over the past 12 months [1] - D-Wave is positioned as the only truly commercial quantum computing company with customers using its systems in their business operations [5][6] - D-Wave's quantum computers excel at solving hard business optimization problems, including workforce scheduling, manufacturing plant optimization, and loyalty rewards programs [7] Financial Performance & Business Development - D-Wave reported a 92% year-over-year increase in bookings, although the actual bookings stood at just 13 million [2] - D-Wave is in the early stages of commercialization, working with customers through professional services to identify and build quantum applications, which is expected to drive significant revenue growth [12] - D-Wave's technology has the potential to significantly reduce power consumption in areas like blockchain, potentially impacting the energy sector [16][17] Technology & Innovation - D-Wave demonstrated its quantum systems can solve real-world problems, such as material simulation, in minutes, a task that would take millions of years classically [14][15] - D-Wave's quantum processor is a superconducting chip with over a million Josephson junctions and 100m of wiring, requiring cryogenic cooling [19] - D-Wave's quantum computers offer significant energy efficiency compared to massively parallel GPU systems, consuming 12kW of power for computations that would require much more power and cooling on exascale supercomputers [21]